Introducing Crypstarter Finance Infrastructure (Part 1)
Crypstarter is not just a system but a vision, and our vision is to create a world where people can earn profit for their contribution.
We call it Crypstarter Economy
Crypstarter has designed a unique financial structure model to fully meet the required requirements to run its economy and deliver maximum advantage to its participants, in line with its mission.
Crypstarter currency is a decentralized asset-backed reserve currency that runs on the BSC blockchain and will soon be migrated to the Crypstarter chain. A growing pool of DAI, BUSD, BNB, and other assets backs CST. The backing per CST token increases as the protocol creates more liquidity and reserves, producing a constantly rising price floor below which CST cannot fall.
This satisfies the condition of a stable or rising price for a store of value. Because CST’s supply is dynamic, a supply-induced price ceiling can be avoided, allowing CST to continue to develop.
CST is backed by DAI, not pegged to it.
As a result, the CST token can maintain a constant floating value while never falling below the value of its underlying assets. The token price is set to be equal to 1 DAI + Premium, with “premium” representing market value.
So what is CST Token?
Straight to the point, CST is a free-floating reserve currency backed by our DAI stablecoin treasury supply (or other stablecoins). Only the protocol has the ability to mint or burn CST tokens. Only in reaction to pricing does the protocol do so. At least one DAI supports each CST. If CST falls below 1 DAI, the protocol buys and burns it, bringing the price back to 1 DAI. The protocol imposes no upper restriction on the potential trading price of CST.
Bonds are another way for CST to build its treasury. The protocol sells bonds in exchange for various assets, and the buyer receives CST at a significantly discounted price. This increases the treasury and allows us to generate amazing yields for our investors.
The rise of Crypstarter — Introducing Liquidity Bootstrap Event
- 50,000 CST token will be minted for the event.
- Initial price of CST token will be 10 BUSD/CST.
- Each whitelisted address can buy a maximum of 1,000 BUSD
- Vesting Period: Linearly release over 14 days from launching date
The transaction will bring in $500k if we are fully subscribed.
- To back up the initial supply, $60,000 will be placed in the Treasury.
- $40,000 will be use for developing system & marketing only.
- The remaining $150,000 could be used as liquidity. The Liquidity Pool will be released with 150,000 DAI and 10,000 CST on the first day. This is a $15 launching price with $300,000 in initial liquidity.
- We will announce the exact time when the initial liquidity will be added, providing total transparency to our community.
We plan to launch the bonding function within 48 hours after the LBE event.
A total of 60,000 CST tokens will be minted during the LBE event (50k for presale and 10,000 requied to pair with BUSD to initialize liquidity). If CST tokens are not sold out during the LBE, any remaining CST tokens will be sent back to the Crypstarter DAO.
And there are a lot of crazy things waiting for all of you in Part 2 of this article.
See you soon -
Hubert.
